PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period.
Indian conglomerate Adani Enterprises said in a financial filing in response to a query by Indian exchange, BSE, that its MoU with SunEdison that includes a US$3 billion JV investment in PV manufacturing facilities in India remained “subsisting”.
Sharp Electronics will add software modelling the performance of energy storage systems made by Energy Toolbase to its Smartstorage systems, following an earlier announcement that the California Solar Energy Industries’ Association (CALSEIA) will also use the software platform.
UK government proposals to cut its feed-in-tariff (FiT) rates for solar PV installations by as much as 87% have shocked the solar industry, which is already reeling from a recent wave of potentially damaging policy proposals, according the UK’s Solar Trade Association (STA).
Further adding to its woes, struggling Hong Kong PV manufacturer Hanergy Thin Film Power is to be dropped from investment indexes compiled by MSCI.
Tier-one PV manufacturer Yingli Green Energy has taken the unusual step of issuing only piecemeal preliminary financial results for the second quarter of 2015 and delaying full quarterly results until September 8.
The US Department of Energy (DOE) has backed teams working on 11 new solar technologies based on micro-CPV (concentrated PV), awarding funding of between just under US$1 million and US$3.5 million to each.
Renewable energy developer Cypress Creek Renewables is to invest more than US$20 million in two new projects in South Carolina as it looks to capitalise on the US state’s solar boom.
Tier-one PV manufacturer Hanwha Q CELLS’ PV module shipments have increased 12.2% quarter-over-quarter, driven by shipments to the US, which accounted for 37% of total shipments by revenue in the second quarter.
The UK Department of Energy and Climate Change (DECC) is proposing to cut the feed-in tariff (FiT) rates for solar PV installations by as much as 87%.
Syntegra Solar (Oberwil/Zug, Switzerland) on August 31st, 2015 announced, that the EPC company commissioned the SaCaSol 1C/1D PV plants for San Carlos Solar Energy Inc. (SACASOL) in August 2015.
The overall 23 MWp PV plant project was commissioned on-budget and met the SaCaSol schedule on-time, Syntegra Solar notes.
Taiwan’s Bureau of Energy (BOE), part of the Ministry of Economic Affairs (MOEA) at the End of August 2015 announced the Nation’s third upward adjustment of the targets for renewable energy.
In spite of the limited contribution to daily operating reserve from renewable energy due to its intermittency, the Ministry of Economic Affairs (MOEA) makes all-out effort to develop renewable energy.
JA Solar Holdings Co., Ltd. (Shanghai, China) on August 31st, 2015 announced that Australia's 70 MW Moree Solar Farm (MSF) has begun to install the batches of solar photovoltaic (PV) modules provided by JA Solar since June.
As MSF's exclusive supplier, JA Solar will keep delivering JAP6-315 and JAP6-310 PV modules to meet all demand of 70 MW modules.
Shunfeng International Clean Energy Limited (SFCE, Hong Kong), an integrated clean energy solutions provider; on August 30th, 2015 announced its interim results for the six months ended June 30th, 2015.
In the first half of 2015, SFCE’s revenue increased 19.5% year-on-year to RMB 3,520.4 million (approx. USD 550 million), reflecting a significant increase in power generated from solar photovoltaic (PV) plants in operation.
The North American Development Bank (NADB, San Antonio, Texas, U.S.) and Buenavista Renewables (BVR, Mexico City, Mexico) have signed a USD 15.5 million loan agreement for construction of the 13.6 MW (AC) Los Santos Solar I Park located in Ahumada, Chihuahua.
The Overseas Private Investment Corporation (OPIC) is also providing senior debt in support of the solar photovoltaic (PV) project.
Yingli Green Energy Holding Company Limited (Baoding, China), known as “Yingli Solar” on August 28th, 2015 announced that it plans to release its unaudited financial results for the quarter ended June 30th, 2015, before the U.S. market opens on September 8th, 2015.
Based upon preliminary data, the Company estimates that its solar photovoltaic (PV) module shipments in the second quarter of 2015 were in the range of 720-730 MW, which was within the range announced in the previous guidance.
ReneSola Ltd (Jiashan, China) on August 29th, 2015 announced that it has sold its 34.6 MW Port Farms utility-scale solar photovoltaic (PV) plant in the United Kingdom to Foresight Solar Fund Limited (FSFL).
This represents ReneSola's second PV plant sale to Foresight Group, a leading, independent infrastructure and private equity investment manager, following the sale of its 6.4 MW Field House PV project in July 2015 to other funds managed by Foresight.
Solar-Fabrik Wismar GmbH i.I., a 100 percent subsidiary of Solar-Fabrik AG i.I. (Freiburg, Germany), will discontinue their photovoltaic (PV) operations on November 30th, 2015, the company reports in an ad hoc announcement.
REC Group, the largest European solar PV brand, will be exhibiting its high-quality, tariff-free solar solutions at Solar Power International 2015 (SPI 2015) in Anaheim, California, U.S.
REC has seen remarkable success in the U.S. solar photovoltaic (PV) market since the 2014 SPI trade show, reaching several key milestones over the past year. These achievements will be highlighted during the show.
In order to meet the growing demand for solar engineers in China, software manufacturer Vela Solaris (Winterthur, Switzerland) together with its partner NERCRE and the Swiss university ZHAW, have launched a training program which will produce 400 solar engineers per year.